Reasons for
-Daily we have Had a nice up move now we have had a to a key level at 1.0000
-Also we have had 3 Dojis in a row
-Showing obvious Rejection from our key area at 1.0000
-On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level
-Also shown a rejection from 1.09500 which is in line with our Fib level and also a strong level for EURUSD
-On the weekly we can clearly see we have been stuck in a box range for some time now
-And perhaps its time for it to break and finally move higher ?
-Essentially we are making Lower highs
-We have also bounced of Key trend line which has been in place for many years 2 months ago so this could be the push the EUR needs altho this is a long term view :)
I Believe we are ready to go long on a major trend upwards :)
-Daily we have Had a nice up move now we have had a to a key level at 1.0000
-Also we have had 3 Dojis in a row
-Showing obvious Rejection from our key area at 1.0000
-On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level
-Also shown a rejection from 1.09500 which is in line with our Fib level and also a strong level for EURUSD
-On the weekly we can clearly see we have been stuck in a box range for some time now
-And perhaps its time for it to break and finally move higher ?
-Essentially we are making Lower highs
-We have also bounced of Key trend line which has been in place for many years 2 months ago so this could be the push the EUR needs altho this is a long term view :)
I Believe we are ready to go long on a major trend upwards :)
Trade closed: stop reached:
loss of 75 pips
